WALTON, J. B.

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the KERMIT (YATES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 126354District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$666 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 215 leases and 215 wells, and the rule below applies to all of them.

Discovered
1928-05-05
as the register files it
Field class
Gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1987-06-15.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED 4/1/95 PER COMPLETED AOF SURVEY

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
GasProduction255,321 Mcf$665,531
Total$665,531

91,919 Mcf of this lease's gas, across 31 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.9033, -103.1087. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.90326, -103.10871 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
3,230 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 3,230 ft.

Completions filed
Dec 1987
1 of 1 wells

1 well

42-495103682963,230 ftDec 1987

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (401)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

401 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023172.852.39$2
Feb 2023575.112.47$12
Jan 20233876.533.39$129
Dec 202213176.415.73$751
Nov 2022185.005.65$6
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021470.783.98$16
Jun 2021069.493.38$0
May 202118963.483.02$570
Apr 202117760.362.76$488
Mar 202120861.302.72$565
Feb 202116257.805.55$899
Jan 202122450.412.81$630
Dec 202024244.642.68$647
Nov 202029638.772.71$801
Oct 20207936.972.48$196
Sep 202023137.091.99$460
Aug 202020139.982.39$479
Jul 202026838.371.83$489
Jun 202023434.901.69$396
May 202018516.921.81$336
Apr 202017414.751.80$314
Mar 202017330.341.86$321
Feb 202017049.881.98$337
Jan 202019457.252.09$406
Dec 201918759.012.30$431
Nov 201918255.302.75$501
Oct 2019053.472.42$0
Sep 201913755.052.66$364
Aug 201915153.112.30$348
Jul 201914956.272.46$367
Jun 201923952.782.49$595
May 201925458.482.74$696
Apr 201926362.632.75$723
Mar 201925956.803.06$793
Feb 201923150.852.79$645
Jan 201927546.033.23$888
Dec 201821146.594.19$883
Nov 201826652.934.24$1,127
Oct 201822361.443.40$758
Sep 201820259.543.11$628
Aug 201822159.403.07$678
Jul 201823965.142.93$701
Jun 201825060.183.08$769
May 201824565.382.90$711
Apr 201825363.842.90$734
Mar 201826961.222.79$750
Feb 201820261.782.77$559
Jan 201819762.874.01$790
Dec 201724357.272.92$710
Nov 201724755.423.12$770
Oct 201714249.292.98$424
Sep 201718647.523.09$574
Aug 201720845.373.00$625
Jul 201716643.873.09$512
Jun 20176642.493.09$204
May 201710545.373.26$343
Apr 201715847.933.21$507
Mar 20178046.772.98$239
Feb 201718450.452.95$543
Jan 201724149.413.42$824
Dec 201622248.763.72$826
Nov 201623942.492.64$632
Oct 201628746.193.09$887
Sep 201631141.553.10$964
Aug 201629641.442.92$866
Jul 201631041.622.92$907
Jun 201629145.352.69$782
May 201628042.521.99$557
Apr 201626936.561.99$536
Mar 201626433.011.79$474
Feb 201618026.472.06$371
Jan 201623827.352.36$563
Dec 201523732.362.00$474
Nov 201523238.792.17$503
Oct 201526843.552.43$650
Sep 201528242.992.76$778
Aug 201528240.162.87$810
Jul 201522448.152.95$660
Jun 20157256.152.88$208
May 20153855.212.96$112
Apr 20155449.822.71$146
Mar 20155542.892.93$161
Feb 20155244.662.98$155
Jan 20155343.433.10$164
Dec 20144854.693.59$172
Nov 20146070.464.25$255
Oct 20146978.303.90$269
Sep 20144986.164.05$198
Aug 20148189.394.04$327
Jul 20147196.564.18$297
Jun 20146898.164.74$322
May 201413394.734.73$629
Apr 201441195.944.81$1,977
Mar 201443995.895.06$2,220
Feb 201440197.406.19$2,483
Jan 201444790.404.86$2,173
Dec 201341591.824.35$1,807
Nov 201332088.853.74$1,196
Oct 201317397.423.78$654
Sep 2013321104.113.72$1,193
Aug 2013462104.253.52$1,627
Jul 2013554102.523.72$2,060
Jun 201364094.403.93$2,517
May 201365594.834.15$2,718
Apr 201324393.964.28$1,041
Mar 201327093.623.91$1,056
Feb 201327591.233.42$940
Jan 201330291.603.42$1,033
Dec 201225886.773.42$882
Nov 201215386.953.62$555
Oct 20129389.383.40$316
Sep 201220594.672.92$598
Aug 201225792.662.91$747
Jul 201214685.133.02$441
Jun 2012079.822.52$0
May 20121391.612.49$32
Apr 2012233101.652.00$465
Mar 2012221105.052.22$491
Feb 2012203101.102.57$522
Jan 201223398.092.73$637
Dec 201116996.873.24$548
Nov 201116695.723.31$550
Oct 201119384.983.65$704
Sep 201112783.623.99$506
Aug 2011083.404.15$0
Jul 20118994.144.52$402
Jun 201120592.904.64$951
May 201130898.134.40$1,357
Apr 2011306105.964.33$1,326
Mar 201130096.364.06$1,217
Feb 201110885.644.18$451
Jan 201135286.504.59$1,615
Dec 201044385.734.35$1,926
Nov 201030980.843.80$1,173
Oct 201034678.103.51$1,214
Sep 201042272.633.98$1,679
Aug 201034773.684.42$1,534
Jul 201026672.554.74$1,260
Jun 201026670.364.91$1,306
May 201032771.124.24$1,385
Apr 201041381.694.12$1,703
Mar 201042578.394.39$1,865
Feb 201046673.585.44$2,536
Jan 201045874.365.96$2,732
Dec 200949571.445.48$2,714
Nov 200953774.593.75$2,015
Oct 200967172.544.11$2,758
Sep 200926165.543.06$800
Aug 200914867.423.22$476
Jul 200925161.133.46$870
Jun 200947466.163.90$1,846
May 200945854.743.93$1,798
Apr 200947746.773.59$1,711
Mar 200949742.144.06$2,017
Feb 200949232.814.63$2,279
Jan 200955035.865.37$2,954
Dec 200854037.105.98$3,228
Nov 200848755.496.86$3,341
Oct 200848175.246.92$3,329
Sep 2008235101.767.88$1,851
Aug 2008420114.228.48$3,563
Jul 2008426131.0811.39$4,852
Jun 2008426131.3313.03$5,552
May 2008385123.1711.57$4,456
Apr 2008366110.3110.45$3,826
Mar 2008473101.909.66$4,571
Feb 200840192.538.77$3,517
Jan 200843590.388.21$3,569
Dec 200751488.337.30$3,753
Nov 200724791.677.29$1,801
Oct 200741482.856.92$2,866
Sep 200732475.846.24$2,023
Aug 200722869.066.39$1,456
Jul 200727970.906.39$1,782
Jun 200726762.007.55$2,015
May 200738458.747.85$3,013
Apr 200741559.617.81$3,239
Mar 200743756.927.30$3,191
Feb 200742855.108.22$3,516
Jan 200755450.306.73$3,727
Dec 200639856.656.92$2,754
Nov 200657754.207.62$4,395
Oct 200648054.906.01$2,887
Sep 200644960.085.04$2,262
Aug 200649868.717.34$3,655
Jul 200656169.376.34$3,558
Jun 200631366.286.38$1,998
May 200647466.016.42$3,045
Apr 200642064.397.36$3,091
Mar 200655156.707.08$3,903
Feb 200648857.597.75$3,783
Jan 200652360.598.93$4,672
Dec 200551354.9413.42$6,882
Nov 200555654.6910.59$5,887
Oct 200561658.3413.80$8,498
Sep 200552061.4512.08$6,281
Aug 200565461.519.80$6,407
Jul 200564655.697.84$5,067
Jun 200559352.337.38$4,377
May 200557645.226.65$3,831
Apr 200549149.207.36$3,614
Mar 200561350.377.15$4,386
Feb 200553745.226.31$3,390
Jan 200561543.166.32$3,888
Dec 200465439.866.75$4,415
Nov 200464645.286.33$4,089
Oct 200465549.706.52$4,267
Sep 200468643.245.28$3,625
Aug 200470842.375.55$3,930
Jul 200472638.286.08$4,417
Jun 200467236.106.43$4,323
May 200464637.486.49$4,196
Apr 200470434.475.86$4,124
Mar 200488334.365.53$4,883
Feb 200488132.455.51$4,854
Jan 200491132.036.30$5,739
Dec 200376630.266.30$4,827
Nov 200379128.804.60$3,635
Oct 200387728.174.76$4,174
Sep 200385826.314.75$4,075
Aug 200387629.765.13$4,494
Jul 200394129.415.17$4,866
Jun 200373128.565.98$4,374
May 200368126.595.97$4,067
Apr 200349726.675.41$2,687
Mar 200360231.146.10$3,670
Feb 200355133.487.93$4,367
Jan 200378630.315.58$4,387
Dec 200269326.914.85$3,364
Nov 200275524.664.14$3,123
Oct 200277626.464.23$3,282
Sep 200290827.443.64$3,301
Aug 20021,14125.963.16$3,610
Jul 200298024.583.06$3,001
Jun 20021,07723.733.34$3,595
May 200271024.663.58$2,545
Apr 200294223.653.51$3,309
Mar 20021,18222.003.10$3,667
Feb 200290218.222.38$2,143
Jan 200272617.172.38$1,725
Dec 200177616.932.36$1,835
Nov 200175518.072.41$1,816
Oct 200185319.782.53$2,157
Sep 200193224.262.25$2,098
Aug 200199524.873.05$3,038
Jul 200192723.933.20$2,964
Jun 20011,09624.563.82$4,191
May 20011,10325.524.31$4,751
Apr 200194524.685.34$5,042
Mar 200175124.545.38$4,038
Feb 200166127.755.77$3,812
Jan 200177027.478.40$6,467
Dec 200067426.889.12$6,149
Nov 200026032.215.66$1,471
Oct 200073231.235.15$3,767
Sep 200077631.875.19$4,025
Aug 200064929.644.54$2,947
Jul 200081428.534.09$3,329
Jun 200090129.304.40$3,962
May 20001,45827.263.68$5,365
Apr 200093724.513.12$2,920
Mar 200080128.422.86$2,291
Feb 200072427.622.73$1,974
Jan 20003,90725.272.48$9,691
Dec 19993,79424.282.42$9,196
Nov 199999523.192.43$2,422
Oct 19991,13720.982.80$3,188
Sep 19991,09721.752.62$2,873
Aug 19991,22419.262.88$3,520
Jul 19991,37217.892.37$3,255
Jun 19991,29415.942.36$3,057
May 19991,34015.792.32$3,110
Apr 19991,54015.102.21$3,400
Mar 19991,53612.471.84$2,824
Feb 19991,4439.981.82$2,623
Jan 19991,45610.381.90$2,766
Dec 19981,6789.201.77$2,976
Nov 19981,33410.892.19$2,916
Oct 19981,09412.421.97$2,154
Sep 19981,45212.592.08$3,024
Aug 19981,63711.301.91$3,122
Jul 19981,60911.742.24$3,600
Jun 19981,47011.242.24$3,289
May 19981,67412.622.21$3,693
Apr 19981,65413.042.51$4,144
Mar 19981,69212.802.31$3,908
Feb 19981,84613.952.30$4,244
Jan 19981,24914.702.15$2,691
Dec 19971,67916.322.41$4,048
Nov 19971,43918.193.09$4,444
Oct 19971,74919.253.15$5,509
Sep 19971,82217.742.95$5,384
Aug 19971,83017.862.55$4,675
Jul 19971,45517.582.25$3,269
Jun 19971,31617.242.26$2,970
May 199724818.972.31$573
Apr 199722817.882.08$475
Mar 19971,47618.951.94$2,862
Feb 19971,16820.492.21$2,576
Jan 19971,63123.483.54$5,773
Dec 19961,51623.32$0
Nov 19961,49321.97$0
Oct 19961,59523.31$0
Sep 19961,91122.22$0
Aug 19961,67420.26$0
Jul 19961,98019.55$0
Jun 19962,17318.73$0
May 19961,84319.43$0
Apr 19961,81921.51$0
Mar 19961,99619.38$0
Feb 19961,75416.98$0
Jan 19961,97217.07$0
Dec 19951,96917.19$0
Nov 19952,63116.00$0
Oct 19952,44515.43$0
Sep 19952,66816.18$0
Aug 19952,69315.92$0
Jul 19952,78015.24$0
Jun 19952,59216.41$0
May 19953,71217.56$0
Apr 19953,42217.73$0
Mar 19953,75416.44$0
Feb 19953,51116.58$0
Jan 19953,76215.92$0
Dec 19944,08515.03$0
Nov 19944,53215.90$0
Oct 19944,21715.58$0
Sep 19943,88115.29$0
Aug 19945,07916.13$0
Jul 19946,16117.56$0
Jun 19946,29917.09$0
May 1994015.88$0
Apr 1994014.14$0
Mar 1994012.46$0
Feb 1994012.50$0
Jan 1994012.66$0
Dec 1993012.33$0
Nov 1993014.49$0
Oct 1993015.85$0
Sep 1993015.03$0
Aug 1993015.66$0
Jul 1993015.46$0
Jun 1993016.79$0
May 1993017.68$0
Apr 1993018.05$0
Mar 1993018.14$0
Feb 1993017.90$0
Jan 1993016.93$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Mar 2023 — as filed, then multipliedworked
Gas                    1 Mcf  × $  2.39 =         $2

────────────────────────────────────────────────────
Month total                                       $2

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/G/126354 is the state's own key, not one this site invented.